TomCo Energy (LON:TOM) Trading 2% Higher – What’s Next?

TomCo Energy Plc (LON:TOMGet Free Report)’s share price shot up 2% during mid-day trading on Friday . The company traded as high as GBX 0.06 ($0.00) and last traded at GBX 0.05 ($0.00). 4,731,170 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 11,016,365 shares. The stock had previously closed at GBX 0.05 ($0.00).

TomCo Energy Price Performance

The company has a quick ratio of 0.78, a current ratio of 0.22 and a debt-to-equity ratio of 8.06. The company’s 50 day moving average is GBX 0.04 and its 200 day moving average is GBX 0.05. The firm has a market capitalization of £1.61 million, a price-to-earnings ratio of -0.89 and a beta of 0.93.

About TomCo Energy

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TomCo Energy Plc engages in the exploration and development of oil primarily in the United Kingdom and the United States. It holds exploration and development licenses comprising nine oil shale leases covering approximately 15,488 acres located in Uintah County, Utah. The company is based in Douglas, the Isle of Man.

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